Goodwill and other Intangibles Assets, Net Goodwill and other Intangibles Assets, Net (Notes)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Intangible Assets

In connection with the Company’s emergence from Chapter 11 and application of fresh start accounting, and the resulting allocation of the reorganization value to its individual assets based on their estimated fair values, the Company recorded goodwill of $224 as of October 24, 2014. The Company’s gross carrying amount and accumulated impairments of goodwill consist of the following as of December 31:



	2017									2016
	Gross Carrying Amount		Accumulated Impairments		Accumulated Foreign Currency Translation			Net Book Value		Gross Carrying Amount		Accumulated Impairments		Accumulated Foreign Currency Translation			Net Book Value
Performance Additives	$	138	$	—	$	(6	)	$	132	$	137	$	—	$	(8	)	$	129
Formulated and Basic Silicones	68		—		(3		)	65		68		—		(4		)	64
Quartz Technologies	19		—		—			19		19		—		(1		)	18
Total	$	225	$	—	$	(9	)	$	216	$	224	$	—	$	(13	)	$	211

The changes in the net carrying amount of goodwill by segment for the years ended December 31, 2017 and 2016 are as follows:



	Performance Additives		Formulated and Basic Silicones		Quartz Technologies		Total
Balance as of December 31, 2015	$	129	$	64	$	18	$	211
Foreign currency translation	—		—		—		—
Balance as of December 31, 2016	$	129	$	64	$	18	$	211
Acquisitions	1		—		—		1
Foreign currency translation	2		1		1		4
Balance as of December 31, 2017	$	132	$	65	$	19	$	216

The Company’s finite and indefinite lived intangible assets consist of the following as of December 31:




	2017										2016
	Gross Carrying Amount		Accumulated Impairments			Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Impairments			Accumulated Amortization			Net Book Value
Customer relationships	$	223	$	—		$	(63	)	$	160	$	223	$	—		$	(49	)	$	174
Trademarks	60		—			(23		)	37		60		—			(19		)	41
Technology	105		—			(37		)	68		105		—			(29		)	76
Patents and other	43		(4		)	(4		)	35		41		(4		)	(5		)	32
Total	$	431	$	(4	)	$	(127	)	$	300	$	429	$	(4	)	$	(102	)	$	323

The impact of foreign currency translation on intangible assets is included in accumulated amortization.

Total intangible amortization expense for the years ended December 31, 2017, 2016, and 2015 was $38, $38, and $36, respectively.

Estimated annual intangible amortization expense for 2018 through 2022 is as follows:



2018	$	38
2019	38
2020	38
2021	32
2022	32

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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